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 Copper Penny Bullion Investing
 Coin Star?
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wheatcent
Penny Sorter Member


USA
26 Posts

Posted - 10/14/2008 :  18:25:00  Show Profile Send wheatcent a Private Message
What happens when your counting your change at a machine and the bins become full? Would the put all the coins that are not counted but in the machine, would they put them into the coin reject bin or what? If someone could tell me that would be great. I want to do a big penny drop off at a coin star.

Thanks
Wheatcent

Edited by - wheatcent on 10/14/2008 18:27:25

Robarons
Penny Hoarding Member



USA
522 Posts

Posted - 10/14/2008 :  18:33:14  Show Profile Send Robarons a Private Message
We actually had a big discussion on this topic a while back. I think it was NotABigDeal who has had first experience with a coinstar.

They are supposed to have one big holder that all the coins go in in which can hold thousands of dollars. And they service them a lot. I have done a $200 penny drop there a couple of times when it was free at my bank and didnt have any problems. They took notice of this real quickly and threw my butt out.

But I would search or wait for someone with better info.

Robber Baron= Robarons
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NotABigDeal
1000+ Penny Miser Member



USA
3890 Posts

Posted - 10/14/2008 :  20:26:25  Show Profile Send NotABigDeal a Private Message
I don't return in a coinstar. I used to return to a lobby coin machine (possible coinstar machine I guess?) that held I believe 4 bags that were filled by weight and not by denomination. But it only did something like 300-500 coins per minute, and the bags would fill up very quickly. I think if the bags were completely empty they would actually hold $50 in pennies, or a real bag of pennies. Once my volume increased I moved onto just returning loose to banks with behind the counter counters as they are MUCH faster.

As far as your mentioned machine wheatcent, I would think it would either reject them or just shut off. If it is a machine that charges a fee I would pass on that return.

Deal

Live free or die.
Plain and simple.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams
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tadpole
Penny Sorter Member



63 Posts

Posted - 10/15/2008 :  08:21:05  Show Profile Send tadpole a Private Message
When the coinstar machine determines that it is full it is supposed to sort any remaining
coins into the reject slot. The best thing to do is as soon as it says it can't take any more coins is to quit feeding them into the feed slot.
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wheatcent
Penny Sorter Member



USA
26 Posts

Posted - 10/18/2008 :  12:24:13  Show Profile Send wheatcent a Private Message
I was doing a penny drop at my local coinstar and every thing went fine. I did not have to pay a "penny" :) for the service. I cashed in $203.90 in pennies and took 45 minutes or so. It is about the same speed of counting that the TCF Banks carry.

If you think I am crazy going to a coinstar to cash in, is because TCF Bank will no longer take my pennies. And someone on this forum told me how to get free coin counting.

Wheatcent

Sell off some of my copper pennies $85.00 shipped for 5000 copper cents
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cwgii
Penny Hoarding Member



USA
924 Posts

Posted - 10/18/2008 :  12:45:36  Show Profile Send cwgii a Private Message
fine if you watn 'vouchers' from amazon, pennies, cabelas. wish it could apply to just grocery shopping in that store.

lucky so far, boa has taken my bags. sunbank is too. fargo takes them , grudingly.
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Kurr
1000+ Penny Miser Member



2906 Posts

Posted - 10/18/2008 :  13:28:43  Show Profile Send Kurr a Private Message
I noticed the coinstar machines are not only in j.c and kroger stores, but walmarts too now. makes me wanna carry around a bunch of post it notes that say out of order. Grrrrr.


The silver [is] mine, and the gold [is] mine, saith the LORD of hosts. Hag 2:8 [/b]
He created it. He controls it. He gave it to us for His use. Why did we turn from sound scriptural currency that PROTECTS us?

KJV Bible w/ Strong's Concordance: http://www.blueletterbible.org/
The book of The Hundreds: http://www.land.netonecom.net/tlp/ref/boh/bookOfTheHundreds_v4.1.pdf
The Two Republics: http://www.whitehorsemedia.com/docs/THE_TWO_REPUBLICS.pdf
Good reading: http://ecclesia.org/truth/government.html

A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears

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